Attachments: Gold with No Drama

Gold with No Drama

#55,081
Jun 5, 11:23am (1 hr 58 min ago) Jun 5, 11:23am (1 hr 58 min ago)

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts

if u are a gold bull my guess is dont jump to buy. metals move in cycles and this likely is a downtrend for gold and silver 5400 to 4300 now.

#55,082
Jun 5, 11:24am (1 hr 57 min ago) Jun 5, 11:24am (1 hr 57 min ago)

Yoshimitsu
| Joined Apr 2026 | Status: Trader | 3 Posts

Quoting Karlzhhh

Disliked

The Picture has been painted and is clearer than ever. Like my yesterdays post Institutional orders are placed at 5600, 4700-4800 and most recent ones being 4530-4540/4517 We are in June last month of Q2. When prices reach all time high again we will have experience other people won't have. This recession is absolutely normal. If you had let's say 10 ounces of gold. You saw price dropping drastically would you not want to sell it? Or price reaching such a high amount you would want to sell it. Now please read this: This political and economic war...

Ignored

Very interesting analysis ...

Do you think we will still reach $4300 today ?

I was eying out this level for the last couple weeks, I never expected such a big move as today, still made some profits but not as much as I would like, I'm watching also the $3850 level which seems inevitable in a month or two... let's see how this war develops, but if the peace agreement is imminent I believe we might see the price go up a bit

#55,083
Jun 5, 11:27am (1 hr 54 min ago) Jun 5, 11:27am (1 hr 54 min ago)

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

4326 to 4280. Nice hit for the month. Careful now with any shorts here.

#55,084
Jun 5, 11:31am (1 hr 50 min ago) Jun 5, 11:31am (1 hr 50 min ago)

brokerbear
| Joined Jul 2014 | Status: Trader | 166 Posts | Online Now

Quoting Yoshimitsu

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{quote} Very interesting analysis ... Do you think we will still reach $4300 today ? I was eying out this level for the last couple weeks, I never expected such a big move as today, still made some profits but not as much as I would like, I'm watching also the $3850 level which seems inevitable in a month or two... let's see how this war develops, but if the peace agreement is imminent I believe we might see the price go up a bit

Ignored

very certain we will. If 43 doesnt get broken today, then monday morning it will gap down massivily !

#55,085
Jun 5, 11:40am (1 hr 41 min ago) Jun 5, 11:40am (1 hr 41 min ago)

SibiSh
Joined Jun 2025 | Status: Trader | 1,845 Posts | Online Now

Quoting SibiSh

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Gold Updated Analysis Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested. The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322...

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Target Achieved

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At last old trades are closed after TP hit, i dit not take any risk even i know it can go more down but its good to be satisfied.

HAPPY FRY DAY

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Patience

#55,086
Jun 5, 11:40am (1 hr 41 min ago) Jun 5, 11:40am (1 hr 41 min ago)

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts

good luck to dip buyers whatever u buy clear it before eod. even if rest of the market is bullish gold is not iin a mood to rally

#55,087
Jun 5, 11:42am (1 hr 39 min ago) Jun 5, 11:42am (1 hr 39 min ago)

MIKKI
Joined Feb 2009 | Status: Trader | 968 Posts

Quoting giveachance

Disliked

good luck to dip buyers whatever u buy clear it before eod. even if rest of the market is bullish gold is not iin a mood to rally

Ignored

To be a gold buyer is always the safest bet going into the weekend

average dude treading water

#55,088
Jun 5, 11:44am (1 hr 37 min ago) Jun 5, 11:44am (1 hr 37 min ago)

Yoshimitsu
| Joined Apr 2026 | Status: Trader | 3 Posts

Quoting brokerbear

Disliked

{quote} very certain we will. If 43 doesnt get broken today, then monday morning it will gap down massivily !

Ignored

I believe they will leave that level for next week, honestly I don't see it being hit today, bulls are getting more active now the 1H candle is holding strong, but we never know

#55,089
Jun 5, 11:50am (1 hr 32 min ago) Jun 5, 11:50am (1 hr 32 min ago)

sunilpawar
Joined Aug 2010 | Status: Trader | 1,268 Posts | Online Now

My chart says closing over 4400+. How ever i will buy if it turns over 4350, else I will avoid. I had level of 4333 as weekly support on my chart

The Phoenix Trader....

#55,090
Jun 5, 11:58am (1 hr 23 min ago) Jun 5, 11:58am (1 hr 23 min ago)

Egzotrade
| Joined Aug 2025 | Status: Trader | 3 Posts | Online Now

The bulls r coming

#55,091
Jun 5, 12:02pm (1 hr 19 min ago) Jun 5, 12:02pm (1 hr 19 min ago)

Whale
Joined Jun 2013 | Status: Trader | 14,544 Posts

Quoting sunilpawar

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My chart says closing over 4400+. How ever i will buy if it turns over 4350, else I will avoid. I had level of 4333 as weekly support on my chart

Ignored

What tools give you such an insight as where price will close?

#55,092
Jun 5, 12:03pm (1 hr 18 min ago) Jun 5, 12:03pm (1 hr 18 min ago)

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Testing the waters by faith

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#55,093
Jun 5, 12:13pm (1 hr 8 min ago) Jun 5, 12:13pm (1 hr 8 min ago)

Lloyd628
Joined Sep 2024 | Status: Quo | 744 Posts

Quoting SibiSh

Disliked

Gold Updated Analysis Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested. The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322...

Ignored

Good call (understatement).

In other news: the earth is flat. Aliens built the pyramids. And god exists

#55,094
Jun 5, 12:20pm (1 hr 1 min ago) Jun 5, 12:20pm (1 hr 1 min ago)

sunilpawar
Joined Aug 2010 | Status: Trader | 1,268 Posts | Online Now

Quoting Whale

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{quote} What tools give you such an insight as where price will close?

Ignored

I took combination of Supertrend, ATR(14), Bollinger Band, Fibo.
Last time when it bounced from 4366 on 28th May, I was expecting it will headon for 4333 an will bounce. and that happened today.
Now looking at D1- there was a support for 4430, and D1-10 SMA is at 4480. Averaging out the said prices, I gave the calculation.
Now in the present case if weekly closing is below 4333, We should expect a strong down trend for a support of 4225 i.e W1-50SMA, So right now it has behaved in the same way. Once can make a combination of H4-D1-W1 and come to a conclusion to take the positions accordingly
Thank you
Regards

The Phoenix Trader....